The walking trainer market is expected to grow with an estimated value of US$456.3 million by the end of 2028

The global walking trainer market is gradually influenced by the growing competition and expansion of the walking aids industry.

The growing number of spinal injuries as well as strokes that affect a patient’s ability to walk has kept supporting the world walking trainer brandt to grow and should remain the same in the years to come.

In Europe and North America, the manufacturers are strengthening their position as they are the main target regions with the maximum potential that the players can take advantage of.

For example, key players such as Rifton Equipment, Ottobock Inc., Ekso Bionics, Hocoma AG, and AlterG are expanding their business presence in the international market.

Market players are increasingly focusing on increasing their market penetration through exploring untapped markets.

In order to increase its market penetration, the company focuses on improving its products by introducing new technologies and improving its existing products, while simultaneously focusing on strategic alliances for the sale and promotion of its products. worldwide.

Manufacturers are mainly focusing on increasing the production of automated walking trainers.

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Proliferating acquisition activities and contractual agreements between manufacturers and local service providers are the factors promoting the growth of the global walking trainer market.

Manufacturers of gait training devices and exoskeletons are focusing on government contracts and agreements with other medical device companies to produce cost-effective products, especially for rehabilitation.

According to the report published by Future Market Insights (IMF), the global walking trainer market is expected to grow at a CAGR of 4.9% from 2022 to 2028.

In 2017, the market was worth US$271.5 million and is expected to reach a valuation of US$456.3 million by the end of 2028.

Competitive prices to hinder growth

The price elasticity of the walking trainer market has increased significantly due to the significant role played by government and managed care groups.

HME dealers purchase gait training products primarily on price, so they can be assured of reimbursement.

Thus, manufacturers must compete fiercely on price in order to win major contracts and purchases from dealers.

Growing Asian imports of walking trainers are bound to send prices some way down. As the number of participants increases, the prices will continue to drop.

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Technological advancements to pave the way for market progression

In the past couple of years various types of gait trainers to support gait practices have been developed, the treadmill and floor systems are the ones that are gaining popularity.

Advanced gait training systems are primarily designed to minimize stress and strain protection with height adjustment and increase range of motion with high efficiency.

As noted by the expert analyst, the new FDA-approved EksoGT exoskeleton comes with a controller, integrated software coupled with pre-walk and free-walk quick fit technology.

Ekso pulse comes with cloud-based technology, analytics, wireless transmission and cloud storage.

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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market.

It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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